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Sunny Corporation has $ 1 , 0 0 0 , 0 0 0 in variable rate debt, with interest payments at SOFR plus 2 0
Sunny Corporation has $ in variable rate debt, with interest payments at SOFR plus bp and interest payments due June and December of each year. On January it entered an month receive variablepay fixed interest rate swap, with the annual fixed rate set at percent. On January SOFR is percent. On June SOFR declines to percent and causes the variable rate to be reset at that time. The swap qualifies for hedge accounting.
What is the balance for the investment in swap at January
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